As Congress still wrangles over the next stimulus package and COVID flares up in new parts of the country, economists, executives and independent owners are expressing their concern for the well-being of small businesses.
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In an open letter to retailers this month, Serta Simmons’s Chief Sales Officer Derek Miller said the company is committed to absorbing cost increases caused by the global pandemic.
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Despite what it describes as extreme and costly disruptions to the bedding industry’s supply chain as a result of the COVID-19 crisis, Serta Simmons said it would absorb the higher costs it has incurred rather than pass them along to retailers.
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The U.S. moved closer to a national mask mandate this week as some of the country’s largest retailers including Walmart, Best Buy, Target, Kroger, Kohl’s, CVS and Walgreens joined three more states — Alabama, Colorado and Montana — in making face coverings a must indoors.
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A trade group representing the nation’s largest retailers has asked the governors of all 50 states to make the wearing of facemasks mandatory within stores and to take responsibility for enforcement.
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With millions of American putting summer travel on hold amid ongoing health concerns, staycations are assuming a new luster for consumers and retailers alike.
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Tempur Sealy International (TSI) has revised its second-quarter outlook skyward, as solid sales in May and early June offset a challenging April.
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Retail revenue returned with a vengeance last month, as cooped-up consumers around the country began revisiting newly reopened stores, stimulus checks in hand.
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Consumer confidence, as measured by The Conference Board’s monthly Consumer Confidence Index, stabilized in May following a sharp decline in April.
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The world’s largest retail trade association has thrown its support behind national legislation that would help businesses obtain insurance coverage for pandemics.
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